Morgan Stanley cuts target for Nibe Industrier stock to SEK 45

Published on 10/23/2026 at 10:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached SEK 10.85 billion, up 12.40 percent year over year. Nibe Industrier stock costs EUR 4.01 on October 23, 2026.

Analyst views shape valuation

Morgan Stanley lowered its target from SEK 47 to SEK 45 on October 9, 2026.
Second-quarter revenue reached SEK 10.85 billion, up 12.40 percent from the prior year.
Nibe Industrier stock trades at EUR 4.01 at 10:02 a.m. CEST at Lang & Schwarz on October 23, 2026.

Aquarell zeigt schwedisches Dorf mit Fabrikgebäude am Seeufer — Nibe Industrier AB (SE0015988019) inspiriert dieses Aquarellbild einer kleinen schwedischen Industriestadt am ruhigen See, Illustration mit AI erstellt.

Nibe Industrier (ISIN SE0015988019) was trading at EUR 4.01 at Lang & Schwarz on October 23, 2026, at 10:02 a.m. CEST. Morgan Stanley cut its target for the Swedish heating and climate solutions group from SEK 47 to SEK 45 on October 9, 2026, while keeping an equal-weight view, as reported by MarketScreener.

Morgan Stanley resets target

The revised SEK 45 target is 1.54 percent above Nibe's SEK 44.32 closing price on Nasdaq Stockholm on October 22, 2026. The target change keeps the analyst view close to the Swedish share price, but places it below DNB Carnegie's more positive stance.

On October 7, 2026, DNB Carnegie raised its target from SEK 48 to SEK 54 and reiterated a buy rating, according to MarketScreener. The two targets show a wide range of views around the recovery in heating demand.

Three dates explain the shift

On August 21, 2026, Nibe reported second-quarter revenue of SEK 10.85 billion, up 12.40 percent year over year, according to Affarsvarlden. On October 7, DNB Carnegie lifted its target from SEK 48 to SEK 54. On October 9, Morgan Stanley reduced its target from SEK 47 to SEK 45.

What does the target mean?

The contrast puts profitability and demand ahead of headline revenue growth. Nibe's second-quarter operating profit was SEK 1.11 billion, compared with SEK 944.00 million in the second quarter of 2025, while net income reached SEK 751.00 million, according to the same Affarsvarlden. A stronger second quarter supports the bullish target, while the lower Morgan Stanley target signals that the recovery still faces valuation and execution tests.

Reporting date and price

Nibe's next reported event is scheduled for November 17, 2026, when the company is expected to publish its third-quarter report, according to MarketScreener. That report will test whether the improved second-quarter margin can persist.

Stock price and trading context

Nibe Industrier's primary listing is Nasdaq Stockholm, where the share traded in SEK. The company operates in industrial machinery and develops energy-efficient heating, indoor-climate and control solutions.

Nibe Industrier was trading at EUR 4.01 at Lang & Schwarz on October 23, 2026, at 10:02 a.m. CEST. The quote is the German investor reference for this article, while the Stockholm figures provide separate context for the analyst targets and reported business figures. The further course of trading is shown by the continuously updated real-time quote of Nibe Industrier stock.